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Khaleeji Commercial Bank ranked No.1 in Arab World for Soundness of Capital Asset Ratio

Bahrain: Monday, December 22 - 2008 at 14:49
PRESS RELEASE

In a recently published report by The Banker, a part of the Financial Times publications, Khaleeji Commercial Bank (KHCB) was ranked the strongest Bank in the Arab world in terms of Soundness of Capital Assets Ratio.

Mr. Ebrahim H. Ebrahim, CEO and Board Member of Khaleeji Commercial Bank

The Bank was ranked 3rd in terms of Return on Assets, as well as moving up 20 places in the overall ranking to take the 67th place among the top 500 Arab banks. The report was based on information collected from over 4,000 banks across the world to compile the global data and then this information was filtered into regional ranking.

KHCB was recently awarded the Best Islamic Investment Advisory Institution award by the Banker Middle East publication during the Industry Award Ceremony for 2008 which had more than 70 financial institutions nominated by leading regional financial experts.

Mr. Ebrahim H. Ebrahim, CEO and Board Member of Khaleeji Commercial Bank said:

"We are privileged to be ranked No1 in the Arab world in terms of Soundness of Capital Asset Ratio. This reflects the conservative approach and sound practices that the Bank has adopted in its business strategy. The Bank has progressed well in achieving its objectives while ensuring the interests of its stakeholders are addressed."

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Related site: http://www.khcbonline.com

Notes and media contacts

Khaleeji Commercial Bank BSC (KHCB) is an Islamic bank, headquartered in the Kingdom of Bahrain, and operating under a Retail Islamic Banking license granted by the Central Bank of Bahrain (CBB). It is a Public Bahraini Shareholding Company listed on the Bahrain Stock Exchange.

KHCB offers a comprehensive range of innovative banking and Investment products and services to high net worth individuals, corporate entities and financial institutions. These include commercial and corporate banking, wealth management, structured investment products and project financing facilities.

The bank seeks to expand its network of strategic alliances with other financial institutions and business partners to source new and mutually beneficial investment and financing opportunities.

For further information, please contact:
Bayan Osborne or Ehab El Habbal at Memac Ogilvy on 1756 1756

Posted by Nadeen El Ajou
Monday, December 22 - 2008 at 14:49 UAE local time (GMT+4)

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Khaleeji Commercial Bank ranked No.1 in Arab World for Soundness of Capital Asset Ratio

In a recently published report by The Banker, a part of the Financial Times publications, Khaleeji Commercial Bank (KHCB) was ranked the strongest Bank in the Arab world in terms of Soundness of Capital Assets Ratio.

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